A. The department, upon registration of a vehicle, shall issue a certificate of title and evidence of registration; an odometer statement may appear on one or both of these documents.
B. Except for certificates of title issued pursuant to Section 66-3-2, 66-3-27 or 66-3-423 NMSA 1978 and for manufactured homes, school buses, state government vehicles, motorcycles and off-highway motor vehicles, upon issuance of a new certificate of title or upon transfer of a certificate of title, the department shall issue a registration plate and a validation sticker to the owner of the vehicle.
C. The registration evidence shall be delivered to the owner and shall contain upon its face the date issued, the name and address of the owner, the registration number assigned to the owner and such description of the vehicle registered to the owner as determined by the secretary.
D. The certificate of title shall contain the identical information required on the registration evidence and in addition a statement of the owner's title and of all liens and encumbrances upon the vehicle.
E. The certificate of title shall contain a space for the release of any lien, space for assignment of title or interest and warranty by the owner and space for notation of liens and encumbrances upon the vehicle at the time of transfer.
F. The certificate of title shall be delivered to the owner in the event no lien or encumbrances appear thereon, otherwise the certificate of title shall be delivered to the person named to receive it in the application for certificate.
G. Whenever the owner of a vehicle subject to registration transfers the person's title or interest in the vehicle to a nonresident who desires to title the vehicle in the state of the nonresident's residence, the department upon receiving application and the payment of the proper fee shall issue a certificate of title only and record on the certificate all liens and encumbrances.
History: 1953 Comp., § 64-3-10, enacted by Laws 1978, ch. 35, § 30; 1981, ch. 361, § 5; 1989, ch. 318, § 5; 2020, ch. 39, § 2.
ANNOTATIONSThe 2020 amendment, effective January 1, 2021, required registration plate and validation sticker issuance upon transfer of motor vehicle ownership; in the section heading, changed "Division" to "Department", and added "registration plate and validation sticker"; in Subsection A, replaced "division" with "department"; added a new Subsection B and redesignated the succeeding subsections accordingly; in Subsection C, after "determined by the", deleted "director" and added "secretary"; and in Subsection G, after "residence, the", deleted "division" and added "department".